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More than 300 investors to come to 1st Maldives investment forum

Staff writer ▼ | April 22, 2014
More than 300 investors from around the world including China have registered to take part in the first ever Maldives investment forum to be held in Singapore later this month, an official said.
Maldives
MaldivesMore than 300 investors from around the world including China have registered to take part in the first ever Maldives investment forum to be held in Singapore later this month, an official said.


As many as 15 countries have registered for the forum, which is expected to be the glittering platform for the Maldives government to launch bids for key projects.

Many countries have expressed interest in the event including Singapore, the United States, India, Germany and China.

Notable investors include American investment company Blackstone, Singapore-based HPL Hotels and Resorts, China Machinery Engineering Corporation (CMEC), the Carlson Group of Companies, Pan Pacific Hotels and Resorts, United Bunkering and Trading Group, and Singapore Enterprise.

Investors will have the opportunity to submit proposals for five mega projects, including the development of Ihavandhippolhu as an economic zone, "I-Heaven" and Ibrahim Nasir International Airport, the second phase of Hulhumale island, shifting of the current commercial harbor to Thilafushi and its development, and oil and gas exploration in the Maldives, local media had reported.

In addition to Maldives President Abdulla Yameen, Economic Minister Mohamed Saeed and many local business tycoons are scheduled to speak at the Maldives Investment Forum 2014.

"This is a far greater support than we had expected. We hope that this forum will be a vast platform where investors from different industries will meet," Economic Ministry Director Riyaz Mansoor told reporters.


 

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